Principal Financial Group Inc. Has $6.18 Million Stock Position in Quanex Building Products Co. (NYSE:NX)

Principal Financial Group Inc. boosted its holdings in Quanex Building Products Co. (NYSE:NX) by 28.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 222,522 shares of the construction company’s stock after acquiring an additional 49,716 shares during the period. Principal Financial Group Inc.’s holdings in Quanex Building Products were worth $6,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NX. Allspring Global Investments Holdings LLC grew its holdings in shares of Quanex Building Products by 4.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,347,818 shares of the construction company’s stock worth $92,902,000 after purchasing an additional 147,444 shares in the last quarter. State Street Corp lifted its position in shares of Quanex Building Products by 28.1% during the 3rd quarter. State Street Corp now owns 1,604,668 shares of the construction company’s stock worth $44,530,000 after buying an additional 351,778 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Quanex Building Products by 14.6% in the second quarter. Pacer Advisors Inc. now owns 1,295,125 shares of the construction company’s stock valued at $35,810,000 after buying an additional 165,121 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Quanex Building Products by 0.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,202,258 shares of the construction company’s stock valued at $33,363,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Quanex Building Products by 0.3% during the second quarter. Renaissance Technologies LLC now owns 1,159,407 shares of the construction company’s stock worth $32,058,000 after buying an additional 3,400 shares during the last quarter. Institutional investors own 97.48% of the company’s stock.

Insider Activity

In other news, CEO George Laverne Wilson acquired 4,328 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $99,673.84. Following the completion of the acquisition, the chief executive officer now directly owns 287,644 shares in the company, valued at $6,624,441.32. The trade was a 1.53 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 2.15% of the stock is owned by company insiders.

Quanex Building Products Stock Up 0.7 %

Shares of NYSE:NX opened at $24.24 on Thursday. The business has a fifty day simple moving average of $28.53 and a 200 day simple moving average of $28.49. Quanex Building Products Co. has a 12-month low of $22.92 and a 12-month high of $39.31. The firm has a market cap of $1.15 billion, a P/E ratio of 21.64, a P/E/G ratio of 0.89 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Thursday, December 12th. The construction company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. Quanex Building Products had a net margin of 2.59% and a return on equity of 14.06%. During the same period in the prior year, the company posted $0.95 EPS. Analysts predict that Quanex Building Products Co. will post 2.26 earnings per share for the current year.

Quanex Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

Several research firms have commented on NX. Benchmark reiterated a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com lowered shares of Quanex Building Products from a “hold” rating to a “sell” rating in a report on Sunday, December 22nd.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.